We are expand navigable roadways for autonomous vehicles from 3% to 95%, today, by equipping each car with our onboard vision hardware.
Business Model:
Revenue: $0
Employees: 1-10
Address: 1160 Battery Street
City: San Francisco
State: CA
Zip: 94111
Country: US
Only 3% of US roadways are covered by the high-definition master maps that today&s;s self-driving cars require to navigate. Without a hard tether to these maps, or beyond their bounds, autonomous vehicles simply cannot operate. Worse, the coverage of these maps is expanding at a rate of only 2% every 5 years. At Hyperspec AI we are expanding navigable roadways for autonomous vehicles to 95%, today, by equipping each car with our onboard vision hardware that localizes and navigates with true autonomy. Our high-frequency periodic calibration corrects for drift using satellite imagery to achieve continuous precise real-time positioning at a fraction of the cost. Hyperspec AI is my third company and the second to focus on mapping and localization for autonomous vehicles. I am a serial entrepreneur with successful exits and the deep domain expertise required to lead this new generation of navigation technology. Today, my team includes top talent in computer vision, simulation, and high-performance edge computing. With $860K raised and $750K in revenue booked to date with a $1.2M backlog, we have traction and momentum. Our focus is on partnership opportunities that accelerate our time-to-market to meet the immediate industry demand.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2021 | Seed Round | 1 | $120k |
Techstars Techstars Space Accelerator Techstars Techstars Space Accelerator |
9/2021 | Seed Round | - |
Katalyst Ventures Techstars Katalyst Ventures Techstars |
5/2021 | Seed Round | $0 |
Katalyst Ventures StratMinds TBD Angels Techstars Ventures Katalyst Ventures StratMinds TBD Angels Techstars Ventures |
3/2019 | Pre Seed Round | $260k | 3/2022 | Seed Round | $500k | 9/2021 | Seed Round | 1 | - |
Katalyst Ventures Katalyst Ventures |
5/2021 | Seed Round | 4 | $1M |
Katalyst Ventures StratMinds TBD Angels Techstars Ventures Katalyst Ventures StratMinds TBD Angels Techstars Ventures |
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